downside is important in a year like 2011. >> and the sell-off we've seen just this month in june. technology and the energy sectors are the two worst performing. technology growth, energy, economically sensitive watch. what do you make of that? >> well, i think investors got a little ahead of themselves with the economy and things that if we're out of the woods, if we're going to be moving up and things are back to normal. and that's to the going to be the case. we have a lot of headwinds going into the second half of 2011. and including qe2 leaving and what's going on with the european sovereign debt. so you know, when you start looking at that, you know, i think you got that challenge and investors are starting to realize that. and that's why you have the sell-off. >> tom: you mentioned the greek uncertainty, qe 2b, quantitative easing -- the federal reserves bond buying strategy winds up next week. we didn't hear a lot of confidence from the federal reserve this week. we heard patience. should investors be patient and if so, what does that mean for a holding period? >> well, yeah, you have to look at it one, two years minimum.